Globalism makes news every day, yet world trade is hardly greater
today than 30 years ago; it is the movement of capital that is far
greater now, thanks to technology. The irresistible force for one world
is not the United Nations, ever an arena for the contest of national
interests, but money, particularly the United States dollar, which is an
unofficial world currency, often with more influence than U.S. foreign
policy. One of the results of monetary globalism is to make national
reserve and international banks all the more important.